Pitney Bowes Inc. (NYSE:PBI) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 161.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,468 shares of the technology company’s stock after buying an additional 23,161 shares during the quarter. Fox Run Management L.L.C.’s holdings in Pitney Bowes were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Pitney Bowes by 130.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock valued at $37,000 after acquiring an additional 2,873 shares during the period. Quarry LP boosted its position in Pitney Bowes by 889.2% during the third quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after purchasing an additional 7,478 shares in the last quarter. Xponance Inc. boosted its position in Pitney Bowes by 36.7% during the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock worth $103,000 after purchasing an additional 3,837 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Pitney Bowes in the fourth quarter valued at approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Pitney Bowes by 101.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 16,340 shares of the technology company’s stock valued at $117,000 after buying an additional 8,221 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Up 0.0 %

Shares of NYSE PBI opened at $9.50 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -8.48, a price-to-earnings-growth ratio of 0.59 and a beta of 2.02. The company’s 50-day simple moving average is $9.41 and its 200-day simple moving average is $8.05. Pitney Bowes Inc. has a 52-week low of $3.90 and a 52-week high of $11.01.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. Equities research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 21st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. Pitney Bowes’s payout ratio is presently -21.43%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 3rd.

Insider Activity at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the completion of the sale, the executive vice president now owns 124,124 shares of the company’s stock, valued at $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kurt James Wolf sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $9.66, for a total transaction of $12,075,000.00. Following the completion of the transaction, the director now directly owns 622,250 shares in the company, valued at approximately $6,010,935. This represents a 66.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,974,484 shares of company stock valued at $19,815,631. 14.30% of the stock is owned by insiders.

Pitney Bowes Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.